(Lee Siler) - Stocks are pointing to a higher opening, as investors are in relief that Bank of America was able to raise some capital with relative ease. Even though B of A is selling 1.25 billion shares to the market, diluting the stock by about 19%, the stock is trading higher in the pre-market. I believe this enthusiasm will wane as investors realize that these financial institutions are flooding the market with shares of their stock. It's your basic law of supply and demand. But, for now the market is looking past that. However, eventually you always have to pay the piper.
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